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FlexLink Worldwide

January 9, 2002
Press release
FlexLink established in Spain

FlexLink is strengthening its presence in Spain by establishing its own sales company. A new office was opened at yearend, enabling supply of complete systems to the expanding Spanish automation market.

FlexLink has been represented in the Spanish market for the past 10 years under the SKF Productos Industriales S.A. umbrella, but a new sales office with an adjoining assembly workshop is now being established in Molins de Rey close to Barcelona.

"We have been able to expand our activities in Spain using the goodwill of SKF for many years," says Guido Ceresole, Area Manager, FlexLink. "The time has now come to reinforce the FlexLink identity by extending our offer to include turnkey systems in one of the high growth markets in Europe."

"I am convinced that we can grow at a rate of 25 percent per year, as we already have an established customer base", says Francesc Rosell, MD of FlexLink Systems in Spain.
"We are a team of highly qualified engineers, who have a track record of delivering quality systems to our customers. Through our network we cover the significant industrial regions of Barcelona, Madrid and Bilbao, where the automotive, food, pharma and other manufacturing industries offer a big potential."

In 2001 FlexLink established sales offices in, Brazil, Hungary, Belgium and Malaysia, apart from Spain.

FlexLink started in 1980 as a division within SKF, the world's leading bearing manufacturer. 
In 1997, the company was acquired by Stockholm based EQT, and is a leading global supplier of innovative automation solutions to assembly and manufacturing industries. FlexLink, based in Göteborg, Sweden, employs 550 people in 20 companies and is represented in 50 countries. Group turnover exceeds SEK 1,2 Bn in 2001. 

Göteborg, January 9, 2002 

For further information, please contact:

Fredrik Jönsson
CEO
+46-31-337 1626
+46-705-17 1626 

Mats Nilsson
Corporate Communication
+46-31-337 1220
+46-703-77 1220

FlexLink AB, 415 50 Göteborg. 
+46-31-337 3100
Fax +46-31-337 2233

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